Brazil Downturn Hurts Rousseff Election Hopes -- 4th Update

TODAY: Aug. 30, 2014 PUB DATE: Aug. 30, 2014

By Luciana Magalhaes And Rogerio Jelmayer SÃO PAULO--Brazil's economy fell into a technical recession in the second quarter and cut its growth forecast for 2014, delivering another blow to President Dilma Rousseff's re-election hopes just five weeks before voting starts. ...

EU Leaders Won't Set New Sanctions on Russia, Says Finnish Prime Minister

TODAY: Aug. 30, 2014 PUB DATE: Aug. 30, 2014

By Juhana Rossi HELSINKI--Leaders of European Union member nations won't impose any new sanctions against Russia in their meeting in Brussels on Saturday, Finnish Prime Minister Alexander Stubb said. EU leaders will certainly discuss the escalation of the Ukraine crisis, ...

U.S. Banks Boosted Lending in 2nd Quarter

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

WASHINGTON--U.S. banks, facing a revenue decline and other headwinds, boosted lending in the second quarter at a pace unseen since the financial crisis, according to a government report. The Federal Deposit Insurance Corp. said banks' loan and lease balances rose ...

Oil Adds Small Gains on Russia-Ukraine Tensions

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

By Eric Yep Crude-oil futures rose slightly in Asian trade Friday, supported by positive U.S. economic data and escalating tensions between Russia and Ukraine. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at ...

Asian Shares Mostly Lower

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

HONG KONG--Japanese stocks fell Friday as investors digested domestic inflation data after the latest Russia-Ukraine tensions pushed the U.S. market lower overnight. The Nikkei Stock Average, which has rallied since May, was down 0.4%, as data showed Japanese prices rising ...

German July Retail Sales Post Largest Decline in Since 2012

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

FRANKFURT--German retail sales in July posted the biggest monthly decline in real terms since January 2012, the country's statistics office said Friday. Retail sales in July fell 1.4% compared with the previous month in real, calendar- and seasonally adjusted terms, ...

Thailand Industrial Production Continues to Fall

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's industrial production activity fell for the 16th consecutive month in July, government data released Friday showed--a decline driven by falling auto production and sluggish export growth. The Manufacturing Production Index (MPI), which measures the volume of ...

Italy's Unemployment Rate Rises to 12.6% in July

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

By Liam Moloney ROME--Italy's unemployment rate rose in July, hovering near a 40-year high, due to job losses mainly among men, while the youth jobless rate fell. The official jobless rate advanced to 12.6% in July from 12.3% the previous ...

Italy's August Preliminary CPI in First Fall Since 1959

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

ROME--Italy's consumer price index rose in August from July, driven mainly by prices in the transport sector, but fell on an annual basis for the first time in more than half a century, statistics institute Istat said Friday, raising concerns ...

EUROPE MARKETS: European Stocks Trim Gains After Inflation Data Meet Views

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- European stock markets ended slightly higher on Friday, after having trimmed earlier gains as investors speculated whether lackluster euro-zone inflation data were weak enough to trigger more easing from the European Central Bank. ...

U.K. PMIs Expected to Show Recovery on Track

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

By Jon Sindreu LONDON--Indicators for manufacturing, services and construction are expected by economists to show that the U.K. recovery remained on track during August while still suffering from stagnation in the euro zone, as the Bank of England is set ...

Oil-Field Flows to Libya's Key Port Resume

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

Libya's largest oil port Es Sider is now receiving supplies from oil fields after the terminal resumed exports despite intense fighting in the capital of Tripoli. An oil official in Tripoli said late Thursday that the Waha Oil Co. was ...

Japan Plans Spending on Offshore Wind Power

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

Japan plans to boost spending on research and development of offshore wind power, one of the renewable-energy technologies spotlighted in Prime Minister Shinzo Abe's energy plan. The Ministry of Economy, Trade and Industry said Friday that it was seeking about ...

Chicago PMI Jumps in August

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

A closely-watched gauge of economic activity rose sharply in August, driven by a surge in production and new orders. The Chicago Business Barometer, commonly called the Chicago PMI, rose 11.7 points in August to 64.3, regaining all the ground lost ...

Telefonica SA Final clearance for E-Plus acquisition

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

TIDMTDE RNS Number : 4092Q Telefonica SA 29 August 2014 TELEFÓNICA, S.A. as provided in article 82 of the Spanish Securities Market Act (Ley del Mercado de Valores), hereby reports the following SIGNIFICANT EVENT In relation to the process of ...

Brazil 2Q GDP Contracts

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

SÃO PAULO--Brazil's economy shrank 0.9% in the second quarter compared with a year ago, and 0.6% compared with the previous quarter as services, industry and investment all contracted, the country's statistics agency said Friday. Investment plummeted 5.3 in the second ...

Dollar Nears One-Year High Against Euro on Better U.S. Data

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

By James Ramage The dollar rose against the euro to its highest level in nearly a year on Friday after mostly upbeat economic data pointed to stronger U.S. growth. The euro dropped 0.3% to $1.3140, its lowest level since Sept. ...

Ukraine Accuses Russia of Invasion -- Update

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

By Gregory L. White in Moscow and Colleen McCain Nelson in Washington Kiev and its Western backers accused Moscow of sending Russian troops and armor to fight alongside rebels in eastern Ukraine, dimming hopes for a diplomatic solution to the ...

U.K. Consumer Confidence Builds as Economy Grows

TODAY: Aug. 30, 2014 PUB DATE: Aug. 29, 2014

LONDON--Consumer confidence edged up in the U.K. in August, driven by the fast improvement of the economy during the last year, research firm GfK said Friday. GfK's consumer confidence index increased to +1 in August from -2 in July, as ...